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CBT automotive newscast: August 1, 2022
Inside Automotive:
Sonic Automotive President Jeff Dyke discusses powerful Q2 2022 performance
Sonic Automotive has announced all-time record revenues and gross profit for the second quarter....
Rivian confirms at least 800 layoffs, shifts focus to accelerating production
Amy Mast, a spokesperson for Rivian Automotive, has confirmed in an email that at least 6% or 800 out of 14,000 of its employees will be...
CBT automotive newscast: July 29, 2022
Inside Automotive:
Supply chain problems still hindering auto sales—Is there an end in sight?
We know that successful dealership operations largely rely on strong vehicle sales,...
How Texas dealer Ben Keating is competing for market share amid...
Automotive dealers are challenged now, more than ever, with very limited supply. And while it is limited across the board, that isn’t stopping dealers...
Dept. of Energy to loan $2.5 billion to GM and LG...
The Department of Energy's Advanced Technology Vehicles Manufacturing Program (ATVM) was created by Congress under the administration of former President George W. Bush and has been...
LG Chem deal will supply General Motors cathode material for 5...
General Motors needs about 950,000 tons of cathode active materials (CAM) to reach its goal of becoming a carbon-neutral company by 2040. To get the...
VW CEO Herbert Diess will step down at the end of...
Volkswagen confirmed on Friday that current CEO Herbert Diess would be leaving his post at the end of August. Taking over for Diess on...
CBT automotive newscast: July 26, 2022
Inside Automotive:
Exclusive: New Lordstown Motors CEO Edward T. Hightower shares major plans for EV fleet buyers
Lordstown Motors has a new CEO and the announcement...
CBT automotive newscast: July 22, 2022
Inside Automotive:
5 crucial qualities sales managers should look for when hiring salespeople — Matt Easton
Are you a sales manager that has been tasked with...
CBT automotive newscast: July 21, 2022
Inside Automotive:
Mid-year US auto sales analysis with NADA's Chief Economist Patrick Manzi
The National Automobile Dealers Association recently issued its second-quarter economic and auto sales...